2353 N Lighthouse Cove StWichitaKS67205
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Wichita at 2353 N Lighthouse Cove St, Wichita, KS, 67205 priced at $339,500 pairs $2,462/mo rent with $108/mo cash flow after a $1,662/mo payment. Total monthly income equals $2,462/mo, and annual cash flow comes to $1,297/yr on $112,544 invested. Return on cash invested is 21.06% in year one, and rental yield stands at 8.7% on a $339,500 basis. Equity gained on principal adds $2,191/yr, and 5% annual appreciation accumulates to $93,798 by year five. Five-year ROI measures 110.03% and total cumulative return in cash reaches $123,833. For financing, Ziffy Mortgage’s DSCR program evaluates $2,462/mo property income against a $1,662/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
7,405 sqft lot
$N/A/sqft
$95 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67205, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,238 (100%) |
| Owner Occupied HU | 6,161 (74.8%) |
| Renter Occupied HU | 1,568 (19.0%) |
| Vacant Housing Units | 509 ( 6.2%) |
| Median Home Value | $329,650 |
| Average Home Value | $376,614 |
Housing Distribution
Address Breakdown
Residential
8,598
Single Family
7,854
Multi-Family
744
Businesses
593
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